Author name: Steve Burns

                      “There are really four kinds of trades or bets: good bets, bad bets, winning bets, and losing bets.” – Larry Hite – See more at: http://www.donttalkaboutyourstocks.com/market-wizard-larry-hite/#sthash.TnGH3p64.dpuf    “There are really four kinds of trades or bets: good bets, bad bets, winning bets, and losing

Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming.” -Alan Farley All the would be Geo-political scientist from this weekend can stop trying to anticipate where price goes with this Ukraine situation and just follow price action from here.

Since late December the stock market large cap index has not trended up it has just churned. In 2014 $SPY is up less than 1% year to date. Equities are not being accumulated as an asset class they are being traded in and out of. This years market action has left buy and holders and

Why, hello there. pic.twitter.com/Xwe5Inw3AZ — Steve Burns (@SJosephBurns) February 28, 2014 @SJosephBurns the problem with having "Bear" friends is they are unable to buy you dinner on Friday night. #trendfollowing — Peter (@Trendanoid) February 27, 2014 @SJosephBurns the only thing that tells a trader he/she is great is the PnL — LHommeAncien (@Lhommeancien) February 27,

                      Many new traders just get lost in the mountain of trading information out there so here are ten key things to study how to do. The answers to these questions are different for everyone because everyone has to trade their own plan and their

There is so many know it all traders on twitter that present themselves as some type of guru that ‘knows’ what will happen next and argue with anyone that disagrees with them that I just have to say a few things. Here are 10 warning signs that your trading guru may just be a seller

                            I unfollow traders who get stubborn with their positions and opinion of the future price action. Perma-bulls and perma-bears are not good to follow especially for new traders because they can skew their perspective. I unfollow traders that major on minors,

                    Do not look for a job look for a career, the best way to get up enough trading capital to be a serious trader is to create value somewhere else then save that money to trade with. A career or your own business is the

                If something looks irrational —and has been so for a long time —odds are you have a wrong definition of rationality. — Nassim N. Taleb (@nntaleb) February 16, 2014 Soon I am going to start charging per tweet. The monthly subscription model is so overrated. Will release

                Structure your position sizes and stop losses in trades so that if you are wrong you will not lose more than 1% of your trading capital on any one trade. Reducing your risk per trade to 2% of trading capital would be a huge improvement for many

                            “The reason it takes so long to learn to trade successfully is because of all the garbage you you have to sift through.” – Travis James I would highly advise that if a new trader sees a few of these signs

                              They could not handle the losses. Some could not handle losing money at all, others chose to not manage risk and the big losses ruined them financially and they had to stop trading. Or the big losses ruined them mentally